Turbulence in the cryptocurrency market: whales manipulating large amounts of OM
Updates from whale activities in the cryptocurrency market
On June 23, according to observational data from Onchain Lens, a large whale executed a transfer of 10.42 million OM to the Binance exchange. This amount is equivalent to about 2.17 million USD. Within 5 hours, this amount of OM caused a net loss of up to 8.34 million USD for this whale, highlighting the volatile nature of the cryptocurrency market. The large transactions of this whale are a warning signal about instability in large cash flows and the potential for price manipulation by individuals with massive amounts of cryptocurrency.
Large whale transactions with OM in the market
According to activity records from December 2024 to April 2025, this whale purchased 27.92 million OM from FalconX at an average price of about 24 million USD. This transaction clearly illustrates the distribution and risk-hedging strategy of large investors. This movement reflects market sentiment and the ability of whales to manipulate prices, directly affecting the price of OM and the sentiment of retail investors. These activities contribute to shaping the short-term trend of this cryptocurrency on major exchanges.
Analyze impacts and Predict trends
Manipulation by large whales indicates the instability of the cryptocurrency market, especially for coins with low liquidity. The losses or profits from these transactions can cause significant volatility, creating both major opportunities and risks for retail traders. Investing in cryptocurrencies requires careful monitoring of whale activities, along with appropriate risk management strategies. In the medium term, analysts predict that the market will continue to witness such propaganda and manipulation activities, especially when major coins or new projects have the potential to create waves.
Observing whale activities in the cryptocurrency market helps investors orient their strategies and minimize risks.
Closely monitor major fluctuations to seize safer and more effective investment opportunities.
Source: https://tintucbitcoin.com/ca-map-bo-1042-trieu-om-mat-834-trieu-usd/
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